Transportation

Transportation 

We help you navigate increasing regulations, insurance compliance, economic fluctuations, seasonality challenges and changes in energy costs to find creative solutions for your business. 

“Get on the road to lower taxes and higher profits”

At Meyers Brothers Kalicka, P.C., our expert knowledge of accounting, tax and financial planning has helped business owners in the transportation industry ensure their financial success while they concentrate on serving their clients.

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Call us at (413) 536-8510

Transportation Professional Services

Specialized Services

Tax planning and consulting

Tax return preparation and compliance

Management advisory services

Wealth management

Business valuations

Mergers and acquisitions

Audits, reviews, compilations

Budgeting and forecasting 

Financial Statement preparation

Improving internal controls

Entity selection and incorporation

Financial forecasts, budgets and projections

Controllership services

Cost control and strategic cost reduction

Employee benefit plans

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Experienced Transportation

Accounting Team

Submit any inquiry or request for proposal (RFP) below.

Transportation Industry Accounting Insights

Bad Debt Deductions

By Sarah Rose Stack • 15 Apr, 2024
The tax code allows an individual to claim a deduction for business debts that have become worthless. But qualifying for the deduction may be more complicated than one would think. In a recent case, the IRS denied more than $17 million in bad debt deductions on the grounds that the advances in question represented equity rather than debt, hitting the taxpayer with millions of dollars in taxes and penalties. This article recounts the U.S. Tax Court case Allen v. Commissioner. Allen v. Commissioner (T.C. Memo 2023-86).

Deducting Business Travel Expenses: A Refresher

By Sarah Rose Stack • 01 Apr, 2024
During the COVID-19 pandemic, business travel nearly came to a halt. Today, it’s on the rebound, as “Zoom-fatigued” executives craving face-to-face interaction hit the road again. With more people getting out of their offices, now is a good time for a refresher on the tax deductibility of business travel expenses. This article explores what’s considered one’s tax home and what expenses are deductible. A sidebar explains the deductibility rules when a business trip is mixed with pleasure.

Making Distinctions May Create Tax Savings for Owners of Rental Real Estate

By Sarah Rose Stack • 01 Apr, 2024
The 20% qualified business income (QBI) deduction is available for income from an eligible trade or business, but it isn’t available if that same property is classified as an investment. This article points out that it’s worth considering whether an owned rental property meets the definition of a trade or business under IRS requirements. It also explains that determining whether rental real estate activities qualify for the QBI deduction is a complicated undertaking and is likely to require the services of a tax professional.
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Real People. Real Stories. Real Results.

"We have been working with MBK for over 30 years. Although they do a great job handling our accounting and tax needs, more importantly, they are our business partner. Over the years they have provided key advise on acquisitions and sales, estate planning, financing and a host of other business topics. We consider MBK one our team members and highly recommend them!"

Brian S. | Peter Pan Bus

"We have never had any problems with our services received in 17 years. The service has always been exceptional and my questions have always been answered in a timely manner. Everyone that I have had interactions with have always been professional and cared about our business."

Andrea G. | Electro-Term, Inc.

Transportation Accounting Firm Industry Leaders

Howard L. Cheney CPA, MST

Howard L. Cheney

CPA, MST

Kristina Drzal Houghton CPA, MST

Kristina Drzal Houghton

CPA, MST

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